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Hinduja may invest ₹10,000 crore in IndusInd to hike stake: Report
short by Srishty Choudhury / on Saturday, 24 June, 2023
Hinduja Group is reportedly in talks to invest ₹10,000 crore to hike stake in IndusInd Bank to 26% from existing 16.51%, ET Now reported. The deal is likely to be completed by the second half of FY24. After reports that RBI may give the go-ahead for Hinduja Group to hike its stake, IndusInd Bank's stock surged over 3% on Friday.
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